Credit Alert in Big Bank Earnings

October 12th, 2017 9:42 am | by John Jansen |

Via Bloomberg:

Bad Omen for Bad Debt in U.S. Bank Earnings
2017-10-12 12:30:38.544 GMT

By Laura J. Keller
(Bloomberg) — Increases for bad-debt provisions could end
up being a theme this earnings season for big U.S. banks.
Citigroup’s provision for credit losses rose 15 percent to $2
billion in the latest quarter, more than expected. Earlier,
JPMorgan reported a disappointing surprise on provisions, too.
It had a 20 percent increase sequentially. This indicates those
who worry about banks’ credit quality have their sign: The
consumer really may be weaker. Perhaps things are turning in
this credit cycle.
For more on Citigroup’s earnings, read our TOPLive blog

To contact the reporter on this story:
Laura J. Keller in New York at
To contact the editors responsible for this story:
Michael J. Moore at
Anny Kuo, Eric Coleman

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